CMA grants Afaq Capital fintech permit for debt instrument offerings

15/08/2023 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) announced granting of financial technology (fintech) permit to Afaq Capital Co. for testing offering and investment in debt instruments.

 

The permission came after Afaq Capital completed the related commencements of business requirements in line with the Capital Market Law and its Implementing Regulations, as well as the Fintech Experimental Permit instructions, the market regulator said in a statement today, Aug. 15.

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